Mainly to master the tax treatment here.

For example, in February 20 1 165438, a futures exchange was entrusted by customers to make physical delivery of corn transactions, and the special VAT invoice issued by the futures exchange indicated the price of120,000 yuan, and the special VAT invoice issued by the supplier member unit indicated the price of10,000 yuan; In that month, the futures exchange purchased low-value consumables for office use, and the special VAT invoice obtained indicated the price of 200,000 yuan. The futures exchange shall pay VAT in the current month ().

The value-added tax of the futures exchange is calculated on a time-by-time basis, and the input tax is the value-added tax indicated on the special VAT invoice issued by the supplier at the time of delivery. All kinds of input taxes incurred by the futures exchange itself cannot be deducted (that is, the low-value office consumables are purchased here, and the special VAT invoice obtained cannot be deducted). The value-added tax payable by the futures exchange in the current month =1200×13-1000×13% = 26 (ten thousand yuan). Here is corn, and the VAT rate is 13%. The tax basis of VAT is that the special VAT invoice issued by the futures exchange indicates the price.